EQT GP Holdings LP (NYSE:EQGP) COO Diana M. Charletta sold 2,000 shares of EQT GP stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $20.06, for a total transaction of $40,120.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
EQGP stock opened at $20.02 on Thursday. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 20.43 and a beta of 1.51. EQT GP Holdings LP has a one year low of $15.36 and a one year high of $30.73. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.69.
EQT GP (NYSE:EQGP) last posted its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.03). The business had revenue of $364.58 million for the quarter, compared to analysts’ expectations of $361.93 million. EQT GP had a return on equity of 10.93% and a net margin of 30.96%. On average, analysts anticipate that EQT GP Holdings LP will post 1.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 2nd were paid a dividend of $0.315 per share. The ex-dividend date of this dividend was Thursday, November 1st. This is an increase from EQT GP’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 6.29%. EQT GP’s dividend payout ratio (DPR) is 128.57%.
Several equities research analysts have issued reports on EQGP shares. Morgan Stanley dropped their target price on shares of EQT GP from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 30th. Jefferies Financial Group upgraded shares of EQT GP from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Friday, November 9th. Citigroup upgraded shares of EQT GP from a “neutral” rating to a “buy” rating and dropped their target price for the company from $31.50 to $19.00 in a research report on Thursday, November 29th. Credit Suisse Group set a $19.00 target price on shares of EQT GP and gave the company a “hold” rating in a research report on Tuesday, October 30th. Finally, Stifel Nicolaus started coverage on shares of EQT GP in a research report on Tuesday, September 18th. They set a “hold” rating and a $22.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. EQT GP currently has a consensus rating of “Hold” and a consensus price target of $25.08.
Hedge funds have recently bought and sold shares of the business. First Republic Investment Management Inc. purchased a new position in shares of EQT GP during the third quarter worth approximately $215,000. Parkside Financial Bank & Trust purchased a new position in shares of EQT GP during the third quarter worth approximately $226,000. PEAK6 Investments L.P. purchased a new position in shares of EQT GP during the second quarter worth approximately $326,000. First Trust Advisors LP purchased a new position in shares of EQT GP during the third quarter worth approximately $361,000. Finally, Lake Street Advisors Group LLC purchased a new position in shares of EQT GP during the second quarter worth approximately $548,000. 8.90% of the stock is currently owned by hedge funds and other institutional investors.
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EQT GP Company Profile
EQT GP Holdings, LP owns, operates, acquires, and develops midstream energy assets in the Appalachian Basin through owning partnership interests in EQT Midstream Partners, LP (EQM). The company operates in two segments, Gathering and Transmission. EQM offers natural gas transmission, storage, and gathering services to various third parties in Pennsylvania, West Virginia, and Ohio.
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